Post
Topic
Board Economics
Merits 3 from 3 users
Re: Martin Armstrong Discussion
by
footlong24seven
on 26/02/2019, 01:12:04 UTC
⭐ Merited by vapourminer (1) ,STT (1) ,infofront (1)
Well I got into MA some years ago and generally find his insights helpful. I used to be in the Peter Schiff camp, and believing their argument about about the Fed, Fiat money, Inflation, all that nonsense.

MA's articles do a GREAT job at explaining the complexities behind inflation/deflation, assets/money, the Fed, Interest Rates, and his writings on Law and History are really worth the read. He really did help steer my thinking away from the dogmatic Ron Paul / Peter Schiff people into something that made intuitive sense when considering all the factors (not just domestic) that drive trends. Gold stopped rising in 2011 and only MA said so. Schiff et al kept and KEEP pushing the "gold is money" and "this is a buying opportunity" because they cannot say otherwise...for 8 years now. 

I've also read through all his histories of each Roman Emperor. The truth is, the man's writings are why I visit the blog every day. I think we can all agree that it's impossible to be a real trader without knowing whats going on in the world and having some curiosity/observation about how humans are going to react to something. All traders do things in anticipation. For example, when Obama was in office, every school shooting was a good opportunity to buy SWHC and RGR (I think RGR is now AOBC??) the idea is that if you know how people are going to react then you can get ahead of the pack. The "rainforest" and "spooked zebra" concepts that MA mentions really help you see the world differently.

His Market Talk posts are probably the shortest, trader-oriented recaps of the day that I've ever read. Give him credit, you know he does those by hand every day. It's a one stop shop for China news, trade numbers, everything global of significance.

However, as far as his trading advice is concerned, well - it just isn't trading advice. "This week should be the high, and if it's not, then it could be next week, unless there is a PANIC CYCLE where we turn down or up next week, or next week could be the low, or this week could be the low. The support for the DOW lies at 6500 based off the March 2009 low and resistance starts at 60k. Please pay me $150 for this advice".

I really wonder if that "PREMIUM Blog" post actually cuts out any of the bullshit. Can someone PLEASE post?

I'm on this guy's side when it comes to Politics, Law, History (especially economic history), but when it comes to his trading advice he never really spells out what to do. I understand it's a dynamic and ever-changing thing where nothing is set in stone, but, even looking at his weekly arrays that he posts on the regular blog...if he posts one in Mid-April he will show an array, and then if he posts at the end of April the array in NO WAY matches up to the array from 2 weeks ago.

His reversals seem to be pretty good, but that's not worth $150 since they are basically the Fibonacci pivots.

And, yes, I have serious doubt about the sophistication of his system. He didn't go to jail because his source code somehow contains the key to the universe. I wonder if he will ever finish his "Geometry of Time" magnum opus. Or leave the world in the dark with his great secret to how his system works. If he really wanted to be taken seriously he'd have something submitted for academic review.

Personally feel bad for people who shelled out $500+ for his reports to get a rehash of his old articles. Did the Vertical Market report really give the buyers the January 2018 top?

He can be right sometimes, but he always complains how gold-bugs never say they were wrong, and yet he hypocritically explains how you just didn't his cryptic post correctly. Never admits, "Damn guys, that one was on me". I don't think he's broke - he clearly has that bust of Caesar hidden somewhere. I think he's in it for the attention and who knows if there's any real "genius" behind his magic system, but since he's given it to us it isn't the best thing since sliced bread like he promised.

Still going to read the blog every day for good reading. When his numbers concur with mine then I feel better about entering a position.